Technimark reports that it is expanding operations at its Longford, Ireland, facility with a 50,000-square-foot addition, doubling the size of its existing plant. The global supplier of molding, assembly, and contract manufacturing services to medical device OEMs said it is investing €26 million ($27.2 million) in the project.
“A key component in our organic growth strategy is ensuring we have state-of-the-art cleanroom facilities and open capacity to support our customers’ current and future manufacturing needs,” said Kris Peavy, Chief Commercial Officer and President of Healthcare. “Our many expansions around the globe underpin that strategy.”
Technimark recently acquired a 204,000-square-foot medical facility adjacent to its US headquarters in Asheboro, NC, and has major expansions underway at facilities in the United Kingdom, Germany, and China to support growth in the medical market.
The company currently serves customers worldwide from 13 manufacturing facilities across North America, Europe, and Asia. “We’ve seen tremendous growth in our medical business globally, and our robust pipeline of new contracts from our strategic customers and prospects is driving the need for expansions,” Peavy said.
The expansion in Ireland will include Technimark’s first European Innovation Center. The center will incorporate office space to house designers and engineers as well as a complete production lab to perform prototype manufacturing.
Technimark will exhibit at Medical Design & Manufacturing (MD&M) West, co-located with Plastec West, in Anaheim, CA, on Feb. 7 to 9, 2023. Visit the company at booth 2819.